A forex and CFD broker trading since 2011, run through Orbex Global Ltd, which holds an FSC Mauritius investment dealer licence, and Orbex Limited, a securities dealer listed by the FSA Seychelles. Its Cyprus company is giving up its CySEC licence, so there is no strict-regulator cover for new clients.
Facts last checked 20 October 2026. Always confirm on the regulator’s register. How we review brokers
Get an email when Orbex's licence or key facts change.
Key facts
Founded
2011
Headquarters
Ebène, Mauritius
Minimum deposit
$100
Max. retail leverage
Up to 1:500 (1:30 by default when the account is opened)
Cheapest cost per lot
Not yet checked
Regulators
FSC Mauritius (Mauritius (international clients)), FSA Seychelles (Seychelles (international clients))
Platforms
MetaTrader 4, MetaTrader 5, MT4 and MT5 web terminals, Orbex mobile app, FIX API
Your protection depends on which company holds your account, and that depends on where you live. Each row is one licensed company. What regulation means
Before you deposit: search the licence number on the register, then check that the website and phone number listed there match the ones you are using. How to check a licence
Websites
Official websites
✓orbex.com
Type the address yourself or use a bookmark. Check it matches the website listed for the firm on the regulator’s register.
Watch out for look-alike sites
We have not recorded any look-alike sites for Orbex. That does not mean none exist.
A clone firm copies a real broker’s name, licence number and branding to take deposits. The register shows the genuine firm, so the surest check is the contact details: if the website, email or phone number you were given is not the one on the register, treat it as a clone. Check a broker step by step
Accounts and costs
Account types and costs not yet checked.
Cost per lot = typical EUR/USD spread × $10 + round-turn commission, for one standard lot (100,000 units) in busy hours. Swap and other fees are extra. Trading costs explained
Leverage and margin
Leverage lets you open a position bigger than your deposit, so losses grow as fast as gains. The caps below are the most Orbex allows; you can always use less.
100%When your equity falls to 100% of the margin your open trades use, you get a warning and usually cannot open new trades.
Stop-out
20%When your equity falls to 20% of your used margin, the platform starts closing your trades, usually the biggest loser first, until the level recovers.
Orbex Global Ltd is on the FSC Mauritius register as an investment dealer (SEC-2.1B), licensed since 7 January 2019
Says client money is held separately from company money and offers negative balance protection on all accounts
Commission-free Starter account from $100, and raw-spread accounts with a published per-lot commission
MetaTrader 4 and 5, a FIX API and PAMM accounts
Watch out for
Its CySEC licence (124/10, ORBEX Ltd) is shown on the CySEC register as under examination for voluntary renunciation, so new clients are not covered by EU rules or the Cyprus compensation fund, even though the website still mentions the ICF
The website names several operating companies (Orbex Global Ltd in Mauritius, Orbex Limited in Seychelles, an Orbex Limited registered in Saint Lucia and Orbex LLC in St Vincent); check which one is named in your agreement
Leverage up to 1:500, far above the 1:30 cap that applies in the UK and EU
The spreads it publishes are minimums ("as low as"); typical spreads are not published
Overview
Orbex is a forex and CFD broker that has traded since 2011. It offers more than 400 instruments on MetaTrader 4 and 5, three live account types, PAMM accounts and copy trading. It started in Cyprus, but today its clients are served from Mauritius and Seychelles.
Regulation and safety
Orbex Global Ltd appears on the FSC Mauritius register with an SEC-2.1B investment dealer licence dated 7 January 2019. The register does not show licence numbers. The licence certificate Orbex publishes carries number C118023330 and the same date. The FSA Seychelles lists Orbex Limited as a securities dealer, without a licence number. Orbex’s trading terms say your agreement is with Orbex Global Limited.
The CySEC register still shows ORBEX Ltd (licence 124/10), marked as under examination for voluntary renunciation. Orbex’s safety page still mentions the Cyprus Investor Compensation Fund. That fund covers clients of the Cyprus firm, not clients of the Mauritius or Seychelles companies.
The footer also names an Orbex Limited registered in Saint Lucia (2025-00714 IBC) and Orbex LLC in St Vincent (230 LLC 2019). Those are company registrations, not licences to offer trading. Our guide to broker regulation explains why the company you contract with matters.
Costs
The Starter account has no commission and spreads from 1.5 pips on EUR/USD. Premium and Ultimate quote from 0.0 pips plus a commission of $8 and $5 per lot. These are minimum spreads; Orbex does not publish typical ones. Compare them using the trading costs guide.
Platforms and tools
You can use MetaTrader 4 or 5 on desktop, web and mobile, the Orbex app or a FIX API. Free VPS hosting and Trading Central are included. See MT4 vs MT5.
Deposits and withdrawals
Money goes into an Orbex Wallet first. The funding page lists cards, Skrill, Neteller, Perfect Money, UnionPay and several local methods, most with no Orbex fee. Card withdrawals take three to five business days.
Who it may suit
The Starter account fits someone who wants a $100 entry point and no commission. The raw-spread accounts are built for higher-volume traders. If you want the protection of a strict regulator, this set-up will not give it to you. Check the company named in your agreement, and look up any licence yourself on our check a broker page.
How to open an account
The steps as we checked them. Never deposit until you have confirmed the licence.
Check which company you will join
Orbex's trading terms name Orbex Global Limited (FSC Mauritius). The site also lists Orbex Limited (FSA Seychelles) and companies in Saint Lucia and St Vincent. Read the name in your client agreement before you deposit.
Register and verify
Sign up online and upload your identity and address documents. Orbex creates an Orbex Wallet for you when you register.
Choose an account
Pick Starter (from $100), Premium (from $500) or Ultimate (from $25,000) and a USD, EUR, GBP or PLN base currency.
Fund and trade
Fund the wallet by card, e-wallet or bank wire, move money to a trading account and download MetaTrader. Try the demo account first.
What changed on this profile
Account rows removed: only minimum (from) spreads are published, so a typical cost cannot be compared.
Profile published. Licences checked on the FSC Mauritius online public register, the FSA Seychelles capital markets list and the CySEC investment firms register.
Orbex: common questions
Is Orbex regulated?
Orbex Global Ltd is on the FSC Mauritius register as an investment dealer (licence C118023330, per the certificate Orbex publishes), and Orbex Limited is listed by the FSA Seychelles as a securities dealer. Both are mid-tier or offshore regulators. Its Cyprus company is giving up its CySEC licence.
Which company will I join?
Orbex's trading terms name Orbex Global Limited in Mauritius. The website also names Orbex Limited (Seychelles and Saint Lucia) and Orbex LLC (St Vincent), so check the company named in your own agreement.
What is the minimum deposit?
$100 for the Starter account, $500 for Premium and $25,000 for Ultimate.
Can I lose more than I deposit?
Orbex says all account types have negative balance protection, so your losses should be capped at your account balance. Leverage of up to 1:500 still means you can lose that balance quickly.
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This profile is factual information, not a recommendation or financial advice. Trading leveraged products such as forex and CFDs carries a high risk of losing money rapidly, and most retail accounts lose money. Read the full disclaimer.
